The African Development Bank(AfDB) has set up the SEFA-funded COP26 Rapid Response Facility to provide short-term, demand-driven advisory support to Nigeria,
The National Bureau of Statistics in its April 2023 report revealed that Nigerians paid N4,642.27 to refill a 5kg cylinder, representing a 22.15 per cent increase compared to April 2022’s price of N3,800.47.
These prices pose challenges for Nigerians already grappling with a 22.22 per cent inflation rate and limited resources, thereby hindering progress in achieving energy access and security in the country. Despite contributions from Nigeria’s Liquefied Natural Gas Limited , the country still relies on LPG imports, which fall short of meeting the demand. Until Nigeria can improve its infrastructure, this challenge is likely to persist, resulting in elevated LPG prices, which ultimately stem from policy and investment issues.
Nigeria, along with countries such as the Democratic Republic of Congo , Madagascar, Ethiopia, Tanzania, and Uganda, has a significant portion of its population lacking access to clean cooking facilities.
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